The cryptocurrency trading platform crypto.com broke new records last month when Bitcoin and other cryptocurrencies rose
Crypto.com announced that it broke new records last month as the general cryptocurrency market rebounded. In a blog post published on February 1, the Crypto trading platform announced that it had hit new all-time highs (ATH) in terms of monthly user registrations, transactions, trading volumes, and revenue. There has also been a surge in social media followers as more and more people become interested in buying and selling cryptocurrencies.
According to the cryptocurrency exchange, the high volumes of trade, transactions and revenue reached a record level of BTC. BTC drove to a new ATH of $ 41,962 while other altcoins followed suit.
The record flowed onto Crypto.com’s social media. The company’s Telegram group currently hosts over 100,000 members and the Twitter handle has over 300,000 followers. The increased attention led to the Crypto.com app becoming the second most downloaded cryptocurrency app worldwide in 2020. Crypto.com recorded over 5.5 million downloads worldwide last year, only behind Coinbase with 7.9 million downloads.
Aside from the record numbers for exchanging cryptocurrencies, the company formed some high profile partnerships that would help expand its market in the crypto space. The company has partnered with Bookings.com, an online platform for flight, rental car and property listings. Crypto.com users get almost 5% discount on Booking.com’s 28 million accommodation offers.
The Crypto.com Visa Card has also been recognized by Visa as one of the leading partner platforms. The payments giant is looking to expand its presence in the cryptocurrency space, and Crypto.com is one of the leading partners in the industry.
Crypto.com offers new services
The versatile cryptocurrency company is also venturing into new areas such as crypto lending. With this feature, users can deposit cryptocurrencies as collateral and receive a loan immediately. The loans have flexible terms and low interest rates.
According to the website, new Crypto.com members will now receive a 0% credit / debit card fee on all crypto purchases made within the first 30 days of joining the platform. The discount could help attract new members to the platform.
Crypto.com’s report also included a host of other announcements, such as the addition of new cryptocurrencies to the platform, new deposit and withdrawal tokens, new USDC trading pairs, changes to the default homepage and much more.